More than half of all women are the “chief financial officer” of their households and 57 percent say they have more earning power, according to a new report.
Allianz Life Insurance Company of North America unveiled this finding in its “2013 Women, Money & Power Study.” More than 2,000 women ages 25-75 with a minimum annual household income of $30,000 participated in the survey.
While noting that women are becoming more financially confident, the study also finds that many women have not achieved financial security.
“Today’s women told us they have more responsibility for major financial decisions than ever before and increased interest in financial planning,” said Allianz Life Vice President of Consumer Insights Katie Libbe. “Yet, although women are more confident about managing their finances, irrational fears about losing it all and becoming a bag lady remain — evidence that they are still underserved by the financial industry.”